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Author: Staff Reporter (Staff Reporter )

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Repo rate increase to hit the poor hardest
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Repo rate increase to hit the poor hardest

Local economists yesterday warned the central bank’s decision to increase the repo rate by rate by 75 basis points to 5.50% is detrimental to domestic economic growth, could reverse valuable economic recovery gains made and will impact lower-income households the most. 

Thieves loot leather shop
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Thieves loot leather shop

The Exclusive Lederwaeen Shop in Swakopmund suffered a huge loss when thieves broke into the shop and looted goods valued at about N$480 000 early yesterday morning.

Hoarding cash at home not illegal
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Hoarding cash at home not illegal

The Bank of Namibia is adamant no law prohibits keeping large amounts of cash at home or on business premises. This came to light after a Chinese national was robbed of N$1.4 million in cash six days ago in Windhoek.